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Mears Group – I Have Been Asked If It Is Time To Sell Holdings?

Mears Group – I Have Been Asked If It Is Time To Sell Holdings?

My view is that there is still more to go for.

Mark Watson-Mitchell's avatar
Mark Watson-Mitchell
Apr 11, 2025
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Mears Group – I Have Been Asked If It Is Time To Sell Holdings?
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Yesterday morning, this leading provider of services to the Housing sector in the UK announced its results to end-December 2024.

Mears Group (LON:MER) reported a 4% increase in its revenues to £1,132.5m (£1,089.3m), while its pre-tax profits were 37% better at £64.1m (£46.9m), generating its diluted earnings per share some 53% higher at 48.9p (31.9p) per share, easily covering its 23% improved dividend to 16.0p (13.0p).

Impressively, the group has boosted its Order Book by 20% to £3.0bn (£2.5bn), through both contract extensions and new wins.

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